Qiwi Shareholders Agreement

Qiwi shareholders agreement refers to the legal document that defines the rights and obligations of the shareholders in the payment service provider Qiwi. Shareholders agreement is an essential document that safeguards the interests of the investors, provides structure and stability to the firm, and avoids disputes between the shareholders.

Qiwi is a publicly-traded company headquartered in Cyprus with a market capitalization of over $1.5 billion. It operates in 20 countries, including Russia, Ukraine, Kazakhstan, and Moldova, among others. Its services include online payments, money transfers, and payment processing for merchants.

The shareholders agreement outlines the rules and norms that govern the relationship between the shareholders. It covers several critical aspects such as shareholding structure, voting rights, board composition, dividend distribution, and exit clauses, among others. These provisions provide clarity and transparency to the shareholders and promote confidence in the company`s operations.

The shareholding structure determines the percentage of ownership of each shareholder in the company. It defines the number of shares issued, their classes, and the rights attached to each class. The shareholders agreement also specifies the transferability of shares and the approval process for any transfer of shares.

The voting rights of the shareholders determine the power to make decisions that affect the company`s operations. The shareholders agreement specifies the threshold for passing resolutions and the quorum for meetings. It also outlines the procedures for convening meetings, including notice periods, agenda, and voting procedures.

The board composition determines the appointment and removal of directors and their responsibilities. The shareholders agreement outlines the criteria for selecting directors, the number of directors, and the term of office. It also specifies the board`s powers and duties and the procedures for convening board meetings.

The dividend distribution policy outlines the rules for distributing profits to the shareholders. It specifies the amount of dividends, the frequency of payment, and the priority of payment. It also outlines the procedures for withholding taxes and the allocation of profits to reserves.

The exit clauses determine the procedures for selling shares or exiting the company. It outlines the circumstances that trigger an exit, such as the sale of the company or the death of a shareholder. It also specifies the valuation method for determining the price of the shares and the procedure for settling any outstanding obligations.

In conclusion, the Qiwi shareholders agreement specifies the rules and norms that govern the relationship between the shareholders. It provides clarity and transparency to the shareholders, safeguards their interests and promotes confidence in the company`s operations. As a professional, I recommend that companies prioritize drafting a comprehensive shareholders agreement to foster a healthy and sustainable environment for their investors.